> doesn't back down publicly
Seems like he has been backing down publicly all week. Quickly too.
This has been a massive catastrophe, though I suspect you're right about the end result.
Maybe publicly was not the right word. What I really meant is that the nominal 145% rate will remain in effect, so he can continue to pretend that the tariffs are still there and still hurting China, while he makes "minor adjustments" to protect American businesses.